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today on "face the nation." with the country set to fall off the fiscal cliff in just hours, time is running out for congress to make a deal. and what a difference a day makes. on thursday, things looked bleak. >> speaker boehner is unwilling to negotiate we have not heard a word from leader mcconnell. nothing is happening. >> we wanted an agreement, but we had no takers. >> o'donnell: it took a trip to the white house and a package scolding from the president. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> o'donnell: but by week's end, senate leaders agreed to make a last-ditch effort to get a deal. >> so i'm hopeful and optimistic. >> i'm going to do everything i can. i'm confident senator mcconnell will do the same. >> o'donnell: we'll have the latest on what that agreement might look like but will it actually do anything to cut the deficit? and what happens nay don't get a deal? we'll hear from two senators who have been working together on deficit reduction, assistant majority leader dick durb
in the last few hours of the fiscal cliff don't make program policy changes in medicare that you're going to live with decades reflect on this. yesterday 10,000 americans reached the age of 65, today another 10,000, tomorrow another 10,000, and every day for the next 18 years. these people have pied in to fair lifetime into an insurance program called social security and medicare and they are expecting the benefits they paid for. we have to resolve, as tom said, how are we going to come to grips with the growing health care costs in medicare and medicaid and still keep our promise to these people? so, yes, we need entitlement reform. let's do it in a calm, thoughtful way using something like simpson-bowles to come up with 75-year solvency. >> o'donnell: another thing, the pew economic policy group did a study this week how much it will cost to make all these tax cuts permanent again. if you did all of them, it would be $3.1 trillion over the next 10 years. it was just the tax cuts for those making under $250,000. we're looking at additional $2.3 trillion. i mean, democrats are willing to
Search Results 0 to 1 of about 2